Lionsgate Names New Co-COO5 Oct, 2012 By: Erik Gruenwedel
Brian Goldsmith joins Steve Beeks as co-COO at 'The Hunger Games' studio
Lionsgate Oct. 5 named Brian Goldsmith co-chief operating officer, joining co-COO Steve Beeks in reporting to CEO Jon Feltheimer on the minimajor’s corporate management issues.
Goldsmith, who played a key role in closing Lionsgate’s recent $800 million revolving credit facility as well as its October 2011 secondary equity offering, will also work closely with vice chairman Michael Burns and general counsel Wayne Levin on mergers and acquisitions and matters related to the Santa Monica, Calif.-based studio’s capital structure.
Goldsmith, who has been EVP of corporate development and strategy since September 2008 spearheading Lionsgate’s acquisition and corporate development activities, replaces Joe Drake, who left in May after the release of the studio’s blockbuster hit, The Hunger Games, to form a new studio called Good Universe.
Good Universe is working with Lionsgate to complete films in production at Mandate Pictures, which Lionsgate previously acquired, among other projects.
Drake was also president of Lionsgate’s motion picture group — a title now held by Beeks, who also heads the studio’s home entertainment division.
“Brian played a leadership role in many of the initiatives that made 2012 a transformative year for us,” Feltheimer and Burns said in a statement. “His management of our channel partnerships, digital platforms and joint ventures will be a key ingredient of our continued growth. He will also continue to help set in place a capital structure that supports our profitable long-term growth while reducing debt and interest expense.”